White House Defends Offer As 'Good Faith Effort' - Spokane, North Idaho News & Weather KHQ.com

White House Defends Offer As 'Good Faith Effort'

Posted: Updated:

WASHINGTON (AP) - The White House is defending President Barack Obama's proposal to set a higher threshold for tax increases than what he vowed to do during his presidential campaign.

The White House says Obama has moved halfway to meet House Speaker John Boehner on a "fiscal cliff" deal that raises $1.2 trillion in tax revenue, down from the $1.6 trillion Obama had initially requested.
    
White House spokesman Jay Carney says that offering to raise taxes on taxpayers earning more than $400,000 rather than the $200,000 he ran on demonstrates, in Carney's words, Obama's good faith effort to reach a compromise.
    
The new tax proposal is contained in a broader plan that Obama gave Boehner Monday that would cut spending further and lower cost-of-living increases for most Social Security beneficiaries.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • INCREDIBLE drone video shows fire destruction over Pateros/Brewster

    INCREDIBLE drone video shows fire destruction over Pateros/Brewster

    Tuesday, July 22 2014 9:51 AM EDT2014-07-22 13:51:52 GMT
    KHQ.COM - Chelan HD Productions has given us permission to show this incredible video they shot with a drone surveying the damage done from the Carlton Complex Fire in the areas of Brewster and Pateros. This video is truly jaw dropping and really shows the level of destruction from the fire.>>
    KHQ.COM - Chelan HD Productions has given us permission to show this incredible video they shot with a drone surveying the damage done from the Carlton Complex Fire in the areas of Brewster and Pateros. This video is truly jaw dropping and really shows the level of destruction from the fire.>>
  • 10 Cheapest Houses For Sale In Spokane

    10 Cheapest Houses For Sale In Spokane

    Wednesday, November 27 2013 2:35 AM EST2013-11-27 07:35:08 GMT
    Whether you are in the market for an affordable place to live or are in the business of flipping houses, here are the 10 cheapest homes for sale in Spokane according to AllSpokaneHomes.com.>>
    SPOKANE, Wash. - Whether you are in the market for an affordable place to live or are in the business of flipping houses, here are the 10 cheapest homes for sale in Spokane according to AllSpokaneHomes.com. Yes, they all need some work and some need a lot more than others, but when your mortgage payment is around the $200/month range there's at least something to stay positive about.>>
  • Dozens of buildings burned in Washington wildfire

    Dozens of buildings burned in Washington wildfire

    Friday, July 18 2014 6:08 PM EDT2014-07-18 22:08:11 GMT
    KHQ.COM - The wind-driven fire in north central Washington destroyed as many as 100 buildings - most of them homes - according to Okanogan County Sheriff Frank Rogers. Rogers gave that update Friday morning in his update on the status of the Carlton Complex Fire burning around the communities of Pateros, Twisp and Brewster.>>
    KHQ.COM - The wind-driven fire in north central Washington destroyed as many as 100 buildings - most of them homes - according to Okanogan County Sheriff Frank Rogers. Rogers gave that update Friday morning in his update on the status of the Carlton Complex Fire burning around the communities of Pateros, Twisp and Brewster.>>